Which of the Following Is Not a Condition Under Which

question 204

Multiple Choice

Which of the following is not a condition under which the lessee must record the lease of an asset?

• A) The lease contains a bargain purchase option.
• B) The lease transfers ownership of the property to the lessee.
• C) The lease term is equal to 60% of the economic life of the lease property.
• D) The present value of the lease payments is 90% of the fair value of the leased property.

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